Rule 17a-3; Records to be Made by Certain Exchange Members, Brokers and Dealers

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
17a-3 supporting statement 10_19_16.pdf	Supporting Statement A	Uploaded 2016-10-19	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34094	Rule 17a-3; Records to be Made by Certain Exchange Members, Brokers and Dealers		Modified
222972	Ongoing cost for equipment & systems development		New
222971	Rule 17a-3(a)(17) - providing updated information to customers		New
222969	Rule 17a-3(a)(17)(i)(B(2) + (3) - Small BD		New
222968	Rule 17a-3(a)(17)(i)(B)(2) + (3) - Large BD		New
222967	Rule 17a-3(a)(17)(i)(B(1) - Small BD		New
209188	Rule 17a-3(a)(16)		Modified
208461	Rule 17a-3(a)(23) Part II		Modified
208460	Rule 17a-3(a)(23) Part I		Modified
208459	Rule 17a-3(a)(17)(i)(B)(1) - Large BD		Modified
208456	Rule 17a-3(a)(20-22)		Modified
208455	Rule 17a-3(a)(12, 19)		Modified

ICR Details

OMB Control No: 3235-0033	ICR Reference No: 201606-3235-013
Status: Historical Active	Previous ICR Reference No: 201311-3235-002
Agency/Subagency: SEC	Agency Tracking No: TM-240-026
Title: Rule 17a-3; Records to be Made by Certain Exchange Members, Brokers and Dealers
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/28/2016
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/25/2016
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2019	36 Months From Approved	10/31/2016
Responses	82,299,904	0	19,940
Time Burden (Hours)	2,763,612	0	2,734,092
Cost Burden (Dollars)	105,981,651,448	0	16,977,793

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Abstract: Rule 17a-3 requires certain records to be made by certain exchange members and registered brokers and dealers. The rule serves to standardize prudent business practices. Among other things, these records are essential for regulatory purposes including examinations, investigations, and enforcement proceedings, which are significant customer protection safeguards.

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Authorizing Statute(s): US Code: 15 USC 78b, 78c, 78o, 78o-4, 78q, 78w Name of Law: Sections 2, 3, 15, 15B, 17 and 23 of the Securities Exchange Act of 1934.
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 57964	08/24/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 73460	10/25/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 12

table that charts list of burden

IC Title	Form No.	Form Name
Ongoing cost for equipment & systems development
Rule 17a-3(a)(12, 19)
Rule 17a-3(a)(16)
Rule 17a-3(a)(17) - providing updated information to customers
Rule 17a-3(a)(17)(i)(B(1) - Small BD
Rule 17a-3(a)(17)(i)(B(2) + (3) - Small BD
Rule 17a-3(a)(17)(i)(B)(1) - Large BD
Rule 17a-3(a)(17)(i)(B)(2) + (3) - Large BD
Rule 17a-3(a)(20-22)
Rule 17a-3(a)(23) Part I
Rule 17a-3(a)(23) Part II
Rule 17a-3; Records to be Made by Certain Exchange Members, Brokers and Dealers

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	82,299,904	19,940	0	0	82,279,964	0
Annual Time Burden (Hours)	2,763,612	2,734,092	0	0	29,520	0
Annual Cost Burden (Dollars)	105,981,651,448	16,977,793	0	0	105,964,673,655	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The annual recordkeeping burden and cost decreased due to the decline in the number of respondents (active broker-dealers) to 4,104, despite an increase in the number of customer accounts held by broker-dealers.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/25/2016

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